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that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new year. >> nice tie, but i'm always saying that to you. we're going to the mid-point of the range, dow down 22 points. that's the first hour of the "closing bell." stand by now for hour number two. >> and welcome back, to the "closing bell." i'm mandy drury sitting in for maria bartiromo. it is the end of another trading day, and, no, we do not have a fix for the fiscal cliff. guess what, the numbers also reflect that. let's take a look at how a day on wall street, looks like the dow is down marginally, 24 points to the downside and the nasdaq off by the biggest percentage loss, down by 22 points and the s&p 500 is down by about se
, the housing market is getting better. europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first part of next year, so that's what's keeping the cautious one on equities. ultimately i think we will finish higher for 2013, but we've got -- we've got to get past this fiscal cliff, because if we don't we go into recession, and i will go underweight stocks. >> all right. we will leave it there. gentlemen and liz ann seaners, good to have you on the program. appreciate it. >> thank you. >> thanks so much. sticking with the market and the economy, ceo co-founder ken langone. >> thank you. merry christmas. >> the co-founder of home depot, a financier, a guy who has his finger on the pulse of global business. that's why we wanted to have you for the whole hour. >> very nice. >> thank you and merry christmas to you as well. what's your take? just got the numbers from okay. here we are, every day worry after worry after worry on this fiscal cliff issue, an
that would slow you down. >> i see, okay. because i think that the analogy i made in terms of china, everybody is mad at china for selling our movies and music, but yet for an individual, you don't have that kind of right. you own the picture, you took it. >> intellectual property. >> facebook owns instagram. do you think this was a shocker? >> i know those guys, they're really intelligent, they typically try to do things the right way and this one apparently got a little away from them. >> we were talking for a long time, we have been talking for a lock time about retailers going out of business bought of dot comes. what's new here? >> the share of retail done by the online players just keeps expanding in the key categories. basically everything other than what you consume, grocery and drug, is the online guys are getting more and more share. the retail pie is only so big. online guys extend their share of the pie, the part left for the physical guys, it shrinks and they've got such high fixed cost structures that they can't survive that. and so, the logical implication for a lot o
Search Results 0 to 2 of about 3